Mandar_Chalke

Lupin Short

Short
NSE:LUPIN   LUPIN LTD
Completed a wave cycle hence could be a good short. Ending Diagonal Triangle SL 938, Target 730 ( 50% Retracement )

Comments

Yes Sir, It can be, if it is a Running Triangle we should be ready with our Trailing SL and surely it will take support on Support Trend Line. If it’s EDT then it will break fiercely and give it’s target.
+1 Reply
Could the ending diagonal be a running flat indicationg an extended third wave to the upside?
+1 Reply
@piyush0605, SIR YOU HAVE TO WATCH OUT FOR OTHER STOCKS TOO WHICH IS INCLUDED IN NIFTY PHARMA INDEX THEN YOU WILL GET THE ANSWER. IT WORKS MOST OF THE TIME. SOMETIMES NOT BUT MOST OF THE TIME IT WORKS.
+1 Reply
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